New details have been leaked.
Ontario Place may finally be getting a makeover 10 years after its closure in 2011.
Three companies have reportedly been chosen to revitalize the iconic property, according to The Globe and Mail, after securing the positions in a "closed-door" bidding process that took years.
The outlet reports that sources say the companies include Quebec's Écorécréo, which focuses on outdoor recreational activities, Therme Group, which delivers wellness resorts that feature water and spa-like elements.
According to the outlet's sources, Écorécréo and Therme Group will be in charge of part of Ontario Places' waterfront property, a 155-acre site.
Live Nation, which runs Ontario Place's performance venue, will also have a role in the development.
Ontario Place opened in 1971 as an amusement park and unfortunately closed its doors in 2011. Since then, countless plans and suggestions have been thrown in the air to revitalize or develop the space but so far, none have stuck.
This summer, Ontario Place reopened for waterfront activities — featuring an eatery, a drive-in theatre and more — driving the people of Ontario back to historic the site again.
No Ontario city or government official has confirmed this report, but according to the Globe and Mail, an official announcement may be coming before the month is up.